Globiance Whitepaper

GBEX, a deflationary token For the first time, an exchange token has been designed in a deflationary way. To start with there is the daily tax-and-burn: for every transaction Globiance collects 4% tax, from which 2% goes into the user rewards and the other 2% are burned. With this tax-and-burn model, collecting a 4% tax on each transaction (2% burned and the other 2% distributed among the other holders), the supply decreases on a daily basis, while the holders are rewarded with more tokens.